The Coming Home Business Boom
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But it was also the first time in decades that major opposition parties joined a rally in support of the government in the nation of almost 80 million. Banners read "You are a gift from God, Erdogan" or "Order us to die and we will do it".
Provided the strength in jobs is confirmed with other economic data, the Fed will have sufficient reason to hike (rates) this year," said Michelle Meyer, a senior economist at Bank of America Merrill Lynch in New York. "The July jobs report was everything you could have asked for and more.
Temporary-help jobs, a harbinger of future hiring, increased 17,000. Government employment increased by 38,000 jobs as state and local authorities stepped up hiring of teachers. Healthcare and social assistance payrolls rose by 48,800 jobs, extending the prior month's hefty gains.
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With fewer choices in the job market and no opportunity in the stock market,
people will naturally start to consider a business launch. A home-based
business is perfectly respectable now. Just 15 years ago,
that meant rending office space or a storefront. The home business
is accurately perceived as offering more personal freedom than the
out-of-home launch that comes with the strings of large capital investment
and staff management.
employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this year.
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"We're here to show that theses flags won't come down, the call to prayer won't be silenced, and our country won't be divided," said Haci Mehmet Haliloglu, 46, a civil servant who traveled from the Black Sea town of Ordu for the rally.
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Erdogan, a polarizing figure seen by opponents as intolerant of dissent, has invited the heads of the secularist and nationalist main opposition parties to address the crowds in a display of national unity in defiance of Western criticism.
In addition, 18,000 more jobs were created in May and June than previously reported. Nonfarm payrolls rose by 255,000 jobs after an upwardly revised 292,000 surge in June, with hiring broadly based across the sectors of the economy, the Labor Department said on Friday.
Fed Chair Janet Yellen has said the economy needs to create just under 100,000 jobs a month to keep up with population growth. Last month's strong jobs growth should reinforce the Fed's confidence in a labor market that officials view as at or near full employment.
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In earlier down cycles, while collar workers were
immune to layoffs as companies trimmed blue-collar manufacturing jobs. The
laid-off white collar workers became consultants and worked from home. Suddenly the home enterprise was legitimate. We can thank the last major down cycle for taking the stigma out of home
enterprises. The early-to-mid 1980s saw corporations laying off while collar
workers for the first time. Running a company from your
spare bedroom no longer meant you spent your day holding Mary Kay and
Tupperware parties.
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